Related News

RZB, Standard Bank and JSC Vneshtorgbank (VTB) as mandated lead arrangers and a consortium of lenders have signed into a 364-day US$60mn trade-related syndicated term loan facility for Ukraine’s Bank Forum.



Due to strong investor demand the deal was increased from the launch amount of US$25mn. This significant oversubscription underlines the strong confidence towards the borrower, its sound strategy and strong shareholders base.



Proceeds from the facility will be used by the borrower to finance trade-related projects of its customers.



Some 20 banks have joined the facility.



RZB, Standard and VTB acted as bookrunners, while Standard is facility and documentation agent.



Senior arrangers are: Anglo-Romanian Bank; National City Bank; and Group Pekao.



Arrangers are: AKA; International Assets Holding; Rosemount Global Trade Finance Fund.



Lead managers are: Askari Commercial Bank; FBN Bank (UK); Habibsons Bank; and Parex banka.



Managers are: American Express Bank GmbH; JSC ATF Bank; Banif – Banco Internacional do Funchal; Bank Austria Creditanstalt; Bankgesellschaft Berlin; Dresdner Bank; Export-Import Bank of the Republic of China; Finansbank (Holland); London Forfaiting Company; Trade and Development Bank of Mongolia.



The facility may, at the absolute discretion of the lenders, be extended for a further period of 364 days from the initial maturity date.
Repayment is bullet, with a margin of 350bp.